Gernandt & Danielsson has advised Genova Property Group AB (publ) (“Genova”) in connection with a directed new share issue of ordinary shares through an accelerated bookbuilding procedure, raising approximately SEK 200 million. The investors in the directed new share issue consist of a number of Swedish and international institutional investors.
Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with focus on Greater Stockholm area and Uppsala Region. On 30 September 2022, the value of the company’s property portfolio amounted to approximately SEK 9.0 billion with a lettable area of approximately 299,700 sqm and the company held approximately 7,000 building rights for residential units. Genova’s share has been listed on Nasdaq Stockholm since June 2020.
Gernandt & Danielsson’s team has consisted of partners Fredrik Palm and Gabriel Zsiga, senior associate Pierre Olsson and associate Viktor Borg.